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RNS Number : 9976T Zinnwald Lithium PLC 23 March 2023
23 March 2023
Zinnwald Lithium plc
("Zinnwald Lithium" or the "Company")
Issuance of RSUs and Options
Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development
company, announces the grant of a total of 3,406,780 Restricted Share Units
("RSUs") and 2,450,000 Options under the Company's Long-Term Incentive Plans
relating to performance in 2022 as detailed in the 2022 Annual Accounts
published on 22 March 2023.
The RSUs being granted to Executive Management under the terms of the RSU
Scheme, approved by shareholders in October 2020, relate to the second
performance period that ran from 1 January 2022 to 31 December 2022. The
RSUs will vest two years from the date of grant, being 23 March 2025, and the
related shares (or cash alternative at the Company's discretion) will be
issued on that date. The RSUs are being granted to Executive Management on
the following basis:
Name Role No of RSUs Grant Date Vesting Date
Anton du Plessis CEO 2,135,593 23 March 2023 23 March 2025
Cherif Rifaat CFO 1,271,186 23 March 2023 23 March 2025
Total 3,406,780
The 2,450,000 Options have been granted to employees, consultants and
Directors under the terms of the Scheme put in place at the time of the
Company's original IPO in 2017. These Options to acquire ordinary shares in
the capital of the Company have been granted at a price of 10.41p being the
price of the Fundraise that was announced on 22 March 2023. Such options
vest as to 1/3 on the date of grant and an additional 1/3 on each of the first
and second anniversaries of the date of grant and are exercisable for a period
of five years. The Options are being granted on the following basis:
Name Role No of Options Issue Price Grant Date Expiry Date
Jeremy Martin Non-Executive Chairman 350,000 £0.1041 23 March 2023 23 March 2028
Graham Brown Non-Executive Director 250,000 £0.1041 23 March 2023 23 March 2028
Peter Secker Non-Executive Director 250,000 £0.1041 23 March 2023 23 March 2028
Employees and Consultants 1,600,000 £0.1041 23 March 2023 23 March 2028
Total 2,450,000
On issuance of these awards, the total number of RSUs in issue will be
5,316,310 and the total number of Options will be 6,650,000.
For further information contact:
Anton du Plessis Zinnwald Lithium plc info@zinnwaldlithium.com
John Depasquale Allenby Capital Limited +44 (0) 20 3328 5656
Dan Dearden-Williams (Nominated Adviser)
Mike Seabrook Oberon Capital +44 (0) 20 3179 5344
Adam Pollock (Joint Broker) +44 (0) 20 3179 5315
Richard Greenfield Tamesis Partner LLP +44 (0) 20 3882 2868
Charles Bendon (Co-Broker to the Placing)
Isabel de Salis St Brides Partners (Financial PR) info@stbridespartners.co.uk
Paul Dulieu
Notes
Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German focused lithium
development company focussed on becoming an important supplier
to Europe's fast-growing battery sector. The Company owns the Zinnwald
Lithium Project in Germany, an advanced development project with attractive
economics and approved mining licence. Its PEA, published in September 2022
highlighted the positive economics of the Project with a Pre-tax NPV8 of
US$1,605m, IRR of 39.0%, $192m EBITDA and a payback of just 3.3 years. The
Project is located in the heart of Europe's chemical and automotive
industries and has the potential to be one of Europe's more advanced battery
grade lithium projects.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Name Position
Anton du Plessis CEO
Cherif Rifaat CFO
2 Reason for the notification
a) Position/status See 1a)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Zinnwald Lithium plc
b) LEI 213800LXW3HPZ7ZSBE37
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument RSUs in relation to ordinary shares of GBP0.01 each in Zinnwald Lithium plc
(or cash alternative at the Company's discretion)
Identification code
Identification code (ISIN) for Zinnwald Lithium plc ordinary
shares: GB00BFN4GY99
b) Nature of the transaction Grant of RSUs
c) Price(s) and volume(s) Name Price(s) Volume(s)
Anton du Plessis n/a 2,135,593
Cherif Rifaat n/a 1,271,186
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 23 March 2023
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Zinnwald Lithium plc
b)
LEI
213800LXW3HPZ7ZSBE37
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
RSUs in relation to ordinary shares of GBP0.01 each in Zinnwald Lithium plc
(or cash alternative at the Company's discretion)
Identification code (ISIN) for Zinnwald Lithium plc ordinary
shares: GB00BFN4GY99
b)
Nature of the transaction
Grant of RSUs
c)
Price(s) and volume(s)
Name Price(s) Volume(s)
Anton du Plessis n/a 2,135,593
Cherif Rifaat n/a 1,271,186
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
23 March 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Name Position
Jeremy Martin Non-Executive Chairman
Graham Brown Non-Executive Director
Peter Secker Non-Executive Director
2 Reason for the notification
a) Position/status See 1a)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Zinnwald Lithium plc
b) LEI 213800LXW3HPZ7ZSBE37
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of GBP0.01 each in Zinnwald Lithium plc
Identification code
Identification code (ISIN) for Zinnwald Lithium plc ordinary
shares: GB00BFN4GY99
b) Nature of the transaction Grant of options over ordinary shares
c) Price(s) and volume(s) Name Price(s) Volume(s)
Jeremy Martin £0.1041 350,000
Graham Brown £0.1041 250,000
Peter Secker £0.1041 250,000
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 23 March 2023
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Zinnwald Lithium plc
b)
LEI
213800LXW3HPZ7ZSBE37
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.01 each in Zinnwald Lithium plc
Identification code (ISIN) for Zinnwald Lithium plc ordinary
shares: GB00BFN4GY99
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
Name Price(s) Volume(s)
Jeremy Martin £0.1041 350,000
Graham Brown £0.1041 250,000
Peter Secker £0.1041 250,000
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
23 March 2023
f)
Place of the transaction
Outside a trading venue
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